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Salt Lake/Ogden home prices up 7.5 percent from last year

Published November 16, 2012 9:34 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

The Salt Lake City-Ogden area was the 102nd most searched real estate market in the country during October, according to Realtor.com, a homes-for-sale web site.

The median list prices for home in the Salt Lake City-Ogden market hit $214,900 last month, a 7.5 percent increase from the same month a year ago, the website reported. The national median list price in October was $189,900, unchanged from last year.

There were 6,169 homes for sale in the area, a decrease of 28.2 percent compared to October 2011. National inventory counts were 1,756,818, a 17 percent decrease compared with a year ago.

The median age of inventory in Salt Lake City-Ogden was 71 days, a 5.97 percent increase compared to Sept. 2012. Nationally, the median age of inventory was 97 days, a 2.11 increase compared to September.